Vanilla Market Overview in Peru
The revenue of the vanilla market in Peru surged to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a significant expansion. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. Vanilla consumption peaked at $ in ; afterwards, it flattened through to 2019.